Category «Financial System»

The hidden way using a rewards card can cost you more

Washington Post Gift Article: “Scanning a loyalty card might be costing you money. Companies say they’re rewarding your devotion with points, discounts and perks. But behind the scenes, many are using these programs to monitor your behavior and build a profile — then charge you what they think you’ll pay. “Companies say they’re rewarding your …

Subjects: Cybercrime, E-Commerce, Financial System, Legal Research

What You Should Know About Russ Vought, Trump’s Shadow President

ProPublica and via YouTube: “Russell Vought is the architect of Trump’s broader plan to fire civil servants, freeze government programs and dismantle entire agencies, and he’s a big reason the second Trump administration has been more effective at accomplishing its goals than the first. In the video shared by Trump, Vought appeared as the scythe-wielding …

Subjects: Censorship, Civil Liberties, Congress, Economy, Education, Financial System, Free Speech, Freedom of Information, Government Documents, Knowledge Management, Legal Research, Privacy

AI in Finance an Banking October 15, 2025

AI in Finance an Banking October 15, 2025 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to …

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System, Knowledge Management, Legal Research

Trump Team Plans IRS Overhaul to Enable Pursuit of Left-Leaning Groups

Wall Street Journal: Effort would install Trump ally at agency’s criminal unit who has drawn up list of investigative targets. “President Trump is seeking to identify financial networks that he says are fomenting political violence. The Trump administration is preparing sweeping changes at the Internal Revenue Service that would allow the agency to pursue criminal …

Subjects: Censorship, Civil Liberties, E-Records, Financial System, Government Documents, Privacy

Epstein survivors sue Bank of America and Bank of New York Mellon

After Epstein victims reached major settlements with JP Morgan Chase and Deutsche Bank, two more shoes dropped on allegedly “complicit” financial institutions. Adam Klasfeld – “Jeffrey Epstein’s survivors filed a pair of federal lawsuits against the Bank of America [via Court Watch] and the Bank of New York Mellon [via Court Watch] on Wednesday, accusing …

Subjects: Financial System, Government Documents, Legal Research

OpenOMB

“OpenOMB is a searchable database that makes apportionments easier to find and track. Apportionments are legally binding plans issued by the White House Office of Management and Budget that set the pace at which federal agencies may spend appropriated funds. OpenOMB’s database makes apportionments easy to find and track. Apportionments set the pace at which …

Subjects: Congress, E-Records, Economy, Financial System, Government Documents, Legal Research, Legislation, Search Engines

US consumers shouldering 55 percent of Trump tariff costs

The Hill: “A new Goldman Sachs analysis [paywall] says American consumers will shoulder 55 percent of the costs from President Trump’s tariffs this year. American businesses and foreign exporters will take on 22 percent and 18 percent of the costs, respectively, while 5 percent of the costs will be evaded. Goldman Sachs economists added in the report, published Sunday, that …

Subjects: Economy, Financial System

Satellites Are Leaking the World’s Secrets: Calls, Texts, Military and Corporate Data

Wired – no paywall: “With just $800 in basic equipment, researchers found a stunning variety of data—including thousands of T-Mobile users’ calls and texts and even US military communications—sent by satellites unencrypted. Satellites beam data down to the Earth all around us, all the time. So you might expect that those space-based radio communications would …

Subjects: Defense, E-Records, Economy, Financial System, Government Documents, Internet, Legal Research, Privacy, Transportation

Evaluating the Impact of AI on the Labor Market: Current State of Affairs

Yale Budget Lab: Evaluating the Impact of AI on the Labor Market: Current State of Affairs. October 1, 2025 – Download the Data While the occupational mix is changing more quickly than it has in the past, it is not a large difference and predates the widespread introduction of AI in the workforce. Currently, measures …

Subjects: AI, Economy, Financial System, Knowledge Management

Consumer Reports study finds surge in texting and messaging scams

Consumer Reports “(CR) along with Aspen Digital and the Global Cyber Alliance, released the fourth annual Consumer Cyber Readiness Report today, marking the beginning of Cybersecurity Awareness Month. The report examines American consumer attitudes on digital privacy and security and steps they are taking to protect themselves from potential threats. The report found that over …

Subjects: Cybercrime, Cybersecurity, E-Mail, E-Records, Financial System, Internet, Legal Research, Privacy

Most big US companies now flag AI use in their public risk disclosures

Beta News: “A new report from The Conference Board and ESGAUGE [The full report available from The Conference Board site] finds that 72 percent of S&P 500 companies now flag AI as a material risk in their public disclosures. That’s up from just 12 percent in 2023, underscoring how rapidly AI has moved from experimental …

Subjects: AI, Cybercrime, Cybersecurity, Defense, E-Records, Financial System, Government Documents, Health Care, Internet, Knowledge Management, Legal Research, Legislation

Monetization.wtf

“Social media companies fuel and profit off of hate and disinformation. Could they also be subsidizing it? Monetization.wtf is WHAT TO FIX’s go-to resource to investigate how social media platforms redistribute revenue to their users. With billions of dollars flowing through social media, understanding who gets paid by platforms, how much, and for what, is …

Subjects: E-Commerce, Economy, Financial System, Internet, Knowledge Management, Legal Research, Search Engines, Social Media